https://www.taxtmi.com/caselaws?id=181572 The court held that the assessment made without following the procedures in Rule 7 of the Central Excise Rules, 2002, cannot be considered provisional. It ruled that interest under Rule 7(4) is leviable even if the assessment is deemed provisional. Additionally, it concluded that the subsequent payment of differential duty due to retrospective price escalation constitutes short assessment and short levy, attracting interest under Section 11AB of the Central Excise Act, 1944. The court allowed the appeal, overturning the CESTAT, Kolkata's order in the case. en-us Thu, 23 Jul 2015 00:00:00 +0530 Tue, 03 May 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181572 The court held that the assessment made without following the procedures in Rule 7 of the Central Excise Rules, 2002, cannot be considered provisional. It ruled that interest under Rule 7(4) is leviable even if the assessment is deemed provisional. Additionally, it concluded that the subsequent payment of differential duty due to retrospective price escalation constitutes short assessment and short levy, attracting interest under Section 11AB of the Central Excise Act, 1944. The court allowed the appeal, overturning the CESTAT, Kolkata's order in the case. Case-Laws Central Excise Thu, 23 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181572